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  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
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Stalled New Kent Development moving forward.

A developer is jump-starting a stalled development with a $22 million plan.

John Adamson, acting as Maidstone Village LLC, is acquiring Maidstone, a mixed-use development in New Kent County, VA that faltered through lack of financing, bankruptcy and ultimately foreclosure. Adamson will downsize the project but maintain previous owner Grosjean “John” Crump’s vision of a traditional English village that puts government buildings, schools and churches within walking distance.

“I think that John Crump had an admirable vision for the project, and I think he definitely wanted to leave a positive footprint on New Kent with this particular development,” Adamson said. “We’re putting a slight twist on what he initially had envisioned.”image

The new plans call for about 50 single-family homes, down from the original 70 townhouses Crump had planned, and 50,000 square feet of commercial space on New Kent Highway. Joyner Commercial’s Jon Beckner, who brokered the Maidstone purchase on Adamson’s behalf, expects the development to cost about $22 million.

Talks are ongoing with Virginia Beach-based J.F. Schoch Building Corp. to build the houses at Maidstone. Schoch will buy the individual lots before construction. The finished homes are projected to sell for $195,000 to $235,000

More of the story here

Location Map

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New Kent Development Going to Auction

Parts of New Kent Courthouse Village, a partially-built $30 million mixed-use development modeled after a traditional English village,are set to go foreclosure auction after filing for  Chapter 11 bankruptcy protection back in October 2011

The banks that lent money on the project are EVB, Essex Bank and Colonial Virginia Bank.

Lenders are foreclosing and auctioning off the residential and commercial portions of the development, which stalled as the economy took a free-fall.

The existing businesses aside from the restaurant are not a part of these actions.

New Kent Courthouse Village was created by John Crump , New Kent County’s former commissioner of the revenue. It has been in the works for eight years.

Initial court filings showed the development owes $1 million to Colonial Virginia Bank and hundreds of thousands to individuals, including Crump.

The developer company that created New Kent Village is owned 50/50 by Crump and his uncle L. Drexel Crump, who lives in Florida.

Crump, had envisioned a community like one would find in England. He even sent the architect to England to experience the “Village experience” which would include a church, government building, school and green space all within walking distance.

new kent village building[2]Unfortunately the economy isn’t allowing Crump’s vision to move forward and Tranzon Fox will conduct a  Foreclosure Auction for a 3.14± acre, partially developed site known as Preservation Park. It is immediately adjacent to the New Kent County government complex and  part of the New Kent Village development. The parcel is composed of nine planned development pads, one of the pads contains the currently operating restaurant, the Rose & Crown Tavern, and another contains a partially completed commercial building. Most of the parking is in place.

The  Rose and Crown  restaurant is in a restored 1810 house . Outside the restaurant is a restored smokehouse for curing meats and a restored log kitchen, which was developed as a museum with help from the Virginia Historic Society.

image[6]The  1500 square foot partially completed commercial building is adjacent to the restaurant . Public water and sewer are in place for phase one and available for phase two. I believe this was built to house a Glassblower/ retail store..

Most of the parking lot work is complete.

Auction/Sale date and time

4/03/12 @ 1:30 PM ET at the New Kent Courthouse, New Kent VA.

Original Site plan for the 3.14 acre parcel (Preservation Park)

image[22]

image[13]

The second parcel that is being auctioned by Colonial Virginia Bank  is a 9 acre parcels that was slated to become the Maidstone community. A model home sits at the front but no other homes were ever built. It was subdivided into 71 lots but could be re-subdivided. The roadwork is partially completed with curb/ gutter in but no paving was completed.

Plans were in place to build very high quality , energy-efficient single family detached homes,  townhomes, and carriage homes. The model home was built with an accessory apartment that was allowed by code to be rented out by a homeowner. An interesting feature that could bring in a future rental income stream for residents.

maidstone , new kent village model homeOf course quality has a cost and Crump could not find buyers for the homes which ranged in price from $225k for a 1200 sq. foot model to $325k for a 2256 square foot detached home. The homes were to feature 6” exterior walls, 50 year roof shingles, hardiplank siding, extensive interior trim, Anderson windows, granite countertops, 9 foot  ceilings, hardwood floors and a host of features not typically found in homes at this price range.

I think if this development had been built in Williamsburg it would have sold like hotcakes but most New Kent buyers were opting for lower cost homes with much more square footage.

The bank  sale is scheduled for March 29, 2012 @ 10AM at the development site.

This parcel is 9.031 Acres and contains was recorded as 71 Lots; It could be Re-Subdivided; Colonial Virginia Bank was the lender on this property and is leading the foreclosure proceedings.

Site plan

image[17]

Within the New Kent Village development are  26,000 square feet of commercial space that is built and occupied. The businesses already open in New Kent Village are : Active Life Fitness, Colonial Virginia Bank, Chickahominy Family Practice, Maidstone Market, Stay and Play Daycare, Rose & Crown Restaurant, New Kent Insurance Agency,  Maidstone Dental, . None of these are part of the sales and will continue to operate…

Location map of New Kent Village

image4

bannerpsst … I’m a Realtor! Thanks for stopping by my website. I  would love to help you find your dream home and community in the Hampton Roads or Williamsburg areas of Virginia or to sell your existing home.This post was authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of the Williamsburg/ Hampton Roads area and  and his expertise in the local real estate market.

His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the  surrounding areas of the Virginia Peninsula.

Here you can search homes for sale , active adult communities, 55+ communities, condos and townhomes , foreclosures/ REOland, building lots, commercial property  in Williamsburg , Yorktown, New Kent, Gloucester, Poquoson as well as the surrounding areas of Hampton Roads, Virginia
You can reach John by phone at 757-254-8136 or email him atJohn@MrWilliamsburg.com

I look forward to serving your real estate needs!

Best,

John

New Kent Developer Says It Can Make It

New Kent VillageA fledgling real estate development in New Kent County, VA is taking a gamble that’s rare these days.

New Kent Courthouse Village, a stalled $30 million mixed-use development modeled after a traditional English village, requested to have its Chapter 11 bankruptcy protection dismissed last month, saying it can work out new terms with its lenders and keep the project alive on its own.

Developer Grosjean “John” Crump put the project in Chapter 11 in September to prevent a foreclosure by one of its lenders.

Now with the development out of bankruptcy, Crump said last week that he was making proposals to the project’s three main lenders to refinance million in loans.

019“Hopefully we can get this project moving again,” said Crump. “We worked it out with two [lenders] and have one more we’re working with now.”

Crump, New Kent County’s former commissioner of the revenue, started working on the venture eight years ago. The project stalled after it ran out of money and was unable to obtain new financing to keep it going.

 

More of the story here

New Kent Development Going to Auction

New Kent VillageParts of New Kent Courthouse Village, a partially-built $30 million mixed-use development modeled after a traditional English village,are set to go foreclosure auction after filing for  Chapter 11 bankruptcy protection back in October 2011

The banks that lent money on the project are EVB, Essex Bank and Colonial Virginia Bank.

Lenders are foreclosing and auctioning off the residential and commercial portions of the development, which stalled as the economy took a free-fall.

imageThe existing businesses aside from the restaurant are not a part of these actions.

New Kent Courthouse Village was created by John Crump , New Kent County’s former commissioner of the revenue. It has been in the works for eight years.

Initial court filings showed the development owes $1 million to Colonial Virginia Bank and hundreds of thousands to individuals, including Crump.

The developer company that created New Kent Village is owned 50/50 by Crump and his uncle L. Drexel Crump, who lives in Florida.

Crump, had envisioned a community like one would find in England. He even sent the architect to England to experience the “Village experience” which would include a church, government building, school and green space all within walking distance.

new kent village buildingUnfortunately the economy isn’t allowing Crump’s vision to move forward and Tranzon Fox will conduct a  Foreclosure Auction for a 3.14± acre, partially developed site known as Preservation Park. It is immediately adjacent to the New Kent County government complex and  part of the New Kent Village development. The parcel is composed of nine planned development pads, one of the pads contains the currently operating restaurant, the Rose & Crown Tavern, and another contains a partially completed commercial building. Most of the parking is in place.

The  Rose and Crown  restaurant is in a restored 1810 house . Outside the restaurant is a restored smokehouse for curing meats and a restored log kitchen, which was developed as a museum with help from the Virginia Historic Society.

The  1500 square foot partially completed commercial building is adjacent to the restaurant . Public water and sewer are in place for phase one and available for phase two. I believe this was built to house a Glassblower/ retail store..

The  1500 square foot partially completed commercial building is adjacent to the restaurant . Public water and sewer are in place for phase one and available for phase two.Most of the parking lot work is complete.

Auction/Sale date and time

4/03/12 @ 1:30 PM ET at the New Kent Courthouse, New Kent VA.

Original Site plan for the 3.14 acre parcel (Preservation Park)

image

image

 

The second parcel that is being auctioned by Colonial Virginia Bank  is a 9 acre parcels that was slated to become the Maidstone community. A model home sits at the front but no other homes were ever built. It was subdivided into 71 lots but could be re-subdivided. The roadwork is partially completed with curb/ gutter in but no paving was completed.

Plans were in place to build very high quality , energy-efficient single family detached homes,  townhomes, and carriage homes. The model home was built with an accessory apartment that was allowed by code to be rented out by a homeowner. An interesting feature that could bring in a future rental income stream for residents.

024Of course quality has a cost and Crump could not find buyers for the homes which ranged in price from $225k for a 1200 sq. foot model to $325k for a 2256 square foot detached home. The homes were to feature 6” exterior walls, 50 year roof shingles, hardiplank siding, extensive interior trim, Anderson windows, granite countertops, 9 foot  ceilings, hardwood floors and a host of features not typically found in homes at this price range.

I think if this development had been built in Williamsburg it would have sold like hotcakes but most New Kent buyers were opting for lower cost homes with much more square footage.

The bank  sale is scheduled for March 29, 2012 @ 10AM at the development site.

This parcel is 9.031 Acres and contains was recorded as 71 Lots; It could be Re-Subdivided; Colonial Virginia Bank was the lender on this property and is leading the foreclosure proceedings.

image

Within the New Kent Village development are  26,000 square feet of commercial space that is built and occupied. The businesses already open in New Kent Village are : Active Life Fitness, Colonial Virginia Bank, Chickahominy Family Practice, Maidstone Market, Stay and Play Daycare, Rose & Crown Restaurant, New Kent Insurance Agency,  Maidstone Dental, . None of these are part of these sales and will continue to operate…

Location map of New Kent Village

image